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There's a panic on the world's financial markets - Its not just on Wall Street, it has totally gone global.

Of course, there is some good news: Oil prices are finally coming down in a real way!

What's happening is that the banks have to deleverage some of their investments that were built up like towers on top of debt. They are trying to get their asset to liability ratios down, and that means they have to unload a lot of stocks, bonds, and even commodities.

While this could be a bad thing if you're invested heavily in those sectors, it could mean a silver lining for the consumers at the bottom of the food chain who need this oil and food just to survive another day.

The run-up in commodity prices was not only created by the investment banks seeking higher profit returns to offset increasing mortgage defaults, it then also contributed to the number of individual mortgage holders who could no longer afford to meet all of their obligations.

Well, the bubble seems to have finally popped. Not just any bubble, but the kind that can take decades to build. There's a lot of doom and gloom around, but hopefully at least the prices at the gas pump and grocery store will be coming back down to earth.

yup i know, a good news for everybody, anyhow good post buddy

Well, I take it back! It looks like gas prices have gone up 25 cents - on average - just over the last three weeks. This could be the beginning of an inflationary crisis as international sentiment turns against America's pro-bank spending spree.